Daily Archives: May 24, 2017

Time of Supply of Goods and Services under GST Time of Supply of Goods Provisions of Time of Supply of Goods are covered in Section 12 of CGST Act 2017 read with Section 31 of CGST Act 2017 (Tax Invoice) As per Section 12 (2) of CGST Act The time of supply of goods shall be… Read More »

Its time to furnish quarterly TDS statements for the period January 1, 2017 to March 31, 2017. Due Date for quarter IV of Financial Year 2016-17 is 31st May 2017. Please refer below information for quick guide:- Usage of software as per the financial year:- Different softwares When and why to use it Return Preparation… Read More »

Goods and Services Tax (GST) will lead to lower tax burden in several commodities including packaged cement, Medicaments, Smart phones, and medical devices, including surgical instruments The roll out of Goods and Services (GST) Tax will bring benefits to the consumers due to reduced tax rates on various commodities such as packaged cement, medicaments, smart… Read More »

Lower Tax Incidence on Entertainment Services under Goods and Services (GST) Tax Service providers shall be eligible for full Input Tax Credits (ITC) of GST paid in respect of inputs and input services Taxes on entertainments and amusements (covered by the erstwhile entry 62 of State List of the Constitution) have been subsumed under Goods… Read More »

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